PORTOLA HILLS LIVING by Kelly Turbeville

  We took a look at the current real estate market and we only have 1 wish for Santa this Christmas... More Listings please!!  Overall, in the OC inventory is at record lows.  We are entering unprecedented levels when it comes to the number of homes on the market and available to buyers.    So we anticipate the market to remain strong in 2022, but there are a couple of factors that you should be aware of... but first let's look at how the Portola Hills real estate market performed last month.  As you can see in the above report the Portola Hills real estate market is extremely strong.  Currently there are only 6 Active Listings and 27 properties under contract.  That means we have less than half a month of inventory for prospective buyers.  With the majority of those homes, being new homes in IronRidge and Portola Oaks. The 3 hottest neighborhoods that sold in November were: Montecido at an average price of $590,000 Serenado at an average price of $885,667 IronRidge at an average p

Are you wondering if you missed the height of the real estate market?  Are you hearing homes are not selling as fast and the number of offers has died down.  This is partially true, but it is not because the market is shifting to buyers market...  It is a seasonal shift.  Did you know July and August, typically are the slowest months of real estate in the OC.  Why, simply summer distractions!   For our monthly Portola Hills market recap, this month we looked at how the market performed the last 3 months, from July - September.  Take a peek at the numbers below:   As you can see in the above report, homeowners who decided to sell in the last 3 months received on average 103% to their list price.  Low Inventory and Interest Rates remaining below 3% is keeping the buyer demand high.  Homes priced right are still selling quickly for over asking price.  For our clients this year we are averaging about 112% of list price.   I would caution sellers to simply list their home over the last home

We are so excited for our clients on the sale of their home in Foothill Ranch.  After multiple offers, some strong negotiations, we were able to secure them an extra $107,000 in extra profit, plus other incentives to close the transaction.  The homes was listed at $875,000 current market value and sold for $982,000 setting a record in the Avignon community of Foothill Ranch. This is why we say homes priced, right and presented well, drive traffic and in this market that is especially true.  Check out the details of our listing... below. Love to Entertain? You are going to love this Pool Home! You'll be ready to dive in, just in time for summer! This home shows pride of ownership with 4 Bedrooms, 2.5 Baths, lovely Tumbled Tile and Wood Flooring with Plantation Shutters throughout. Updated Kitchen with newer Maple Cabinets, Granite Counters and updated newer Appliances. Open to an expansive family room with fireplace and built-in buffet and wine refrigerator. Beautiful windows and ba

June was a busy month in the real estate market and Portola Hills was no exception;  Just in time, before we see the market begin to shift with summer distractions no less.  Ready for this figure, homeowners who sold in June, received an over $700,000 in extra profit.   That is amount of money they received over the list price.  Unfortunately not all seller's had these results, surprisingly there were sellers who sold below market value as well.  Below is a snapshot of the how the Portola Hills real estate market finished in June.   If the home was priced right, presented well and available to see, most homeowners should have received multiple offers.  However, we did see in June a few homes sell below market and/or reduce pricing.  With the low inventory and high buyer demand this makes me wonder how strong the negotiations were.  In this market it is critical to work with an agent who's strength is in negotiations and will ensure your best interest are being looked after.  B

How would you like an extra $137,000 dollars in your bank account.  If you said yes, and own a home and are thinking of a move, we need to chat.  We are so excited that we just closed our listing at 41 Golf View in the community of Dove Canyon in Rancho Santa Margarita for a record breaking price of $1,135,000.  With over 50 showings, multiple offers and some back and forth negotiations we were able to secure the buyer and get both parties an amazing home!  You can see why this there was so much demand for this lovely home, a Rare Single-Level in the gated community of Dove Canyon. This Spacious, Open Floorplan with High Ceilings and Wide Hallways gives this home an amazing grand feel. As you enter the home, you enter into the Formal Living and Dining area where the step down living area has been raised, opening the floorplan further. Plantation shutters, provide privacy but when opened you have a beautiful view of the 1st Tee of the award winning Dove Canyon Golf Course. Completely re

 We just listed a steal in Foothill Ranch and with only two single family homes on the market in Foothill Ranch, we don't anticipate it being available for long.  Plus it is just lovely.  Check out the details. Love to Entertain? You are going to love this Pool Home! You'll be ready to dive in, just in time for summer! This home shows pride of ownership with 4 Bedrooms, 2.5 Baths, lovely Tumbled Tile and Wood Flooring with Plantation Shutters throughout. Updated Kitchen with newer Maple Cabinets, Granite Counters and updated newer Appliances. Open to an expansive family room with fireplace and built-in buffet and wine refrigerator. Beautiful windows and bay seating makes this space light and bright and provides an indoor-outdoor California living experience overlooking the rear yard. On your way up the stairs you'll note a beautiful updated custom iron stair railing, leading you to the 4 Bedrooms on the upper level. A massive primary en-suite, you are going to love the addi

Yep you did read that right!  Each month we do a deep dive into the previous month of real estate sales in the community and we noticed a trend a while back as the market started to get a bit crazy that no one is talking about.  In our March review we noted sellers who sold in March received an estimated $366,000 in extra equity/profit.  In April that figure almost doubled!  Homeowners who sold in April received over $766,000 in extra equity/profit. The number is the total profit received for the area.  The average equity per seller was about $65,000. Historically April and May are the two busiest months of the year for real estate sales, so it will be interesting to see how much of gain Seller's will receive in May.  Below is a snapshot of the Portola Hills real estate market performed overall in April.  There are two details in the above report that give us the biggest clue as to why sellers received so much equity.  First there is currently less than a half of month of inventory